Accounting cycle

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the five steps to an effective financial cycle

What is the Accounting Cycle? The Accounting Cycle helps you turn your raw financial information into financial statements that you can use to manage and grow your business. It explains the process of recording transactions, creating financial statements, and closing accounts for the next period.

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the 8 steps in the accounting cycle

The AP process starts when the accounts payable department receives an invoice. Invoices can arrive through a huge variety of different methods, including electronic invoices, physical mail, fax and many other possibilities.

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